Budget airlines GoFirst, which declared itself bankrupt last month, may resume its service this month. There have been indications from the company that it will restart more than 90 percent of its scheduled flights by the end of the month.
A source in the know says that GoFirst has submitted the reveal plan to the civil aviation regulator DGCA. Accordingly, the company can operate 157 flights daily. Although earlier she used to run 167 flights daily on domestic routes.
Plan can be approved this week
DGCA can approve the revival plan of Go First this week itself. Sources say that after the approval of the plan, the company can start its flight service within the next two weeks.
Last month, GoFirst had stopped its flights on 3 May. Due to Pratt & Whitney's bad engine, more than 50 percent of the company's aircraft were not able to fly. In such a situation, it became difficult for the company to run its daily expenses.
When the company felt that due to the payment default of the planes, it could be bankrupt, or insolvency process could be initiated against it, then the company itself approached NCLT and sought some time from starting insolvency process against it. Said. This wish of the company was also fulfilled by NCLT.
There was an uproar in the market due to the closure of Go First
GoFirst holds a 6.4 percent share in the domestic aviation market. Due to the closure of the company's flights, there was an increase in the price of air travel. At the same time, people had to redo their travel planning.
Now according to the revival plan of Go First, it still has 3 flyable aircraft. At the same time, the company still has more than 500 pilots to operate 157 flights daily from them.
No comments:
Post a Comment